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Business News • PR NewsWire • Arabian American Development Company Announces Key New Investment Partner in Al-Masane Al-Kobra Mining Company

Arabian American Development Company Announces Key New Investment Partner in Al-Masane Al-Kobra Mining Company
Arabian American Development Company Announces Key New Investment Partner in Al-Masane Al-Kobra Mining Company

SUGAR LAND, Texas, July 6, 2011 /PRNewswire/ -- Arabian American Development Co. (Nasdaq: ARSD) today announced that the Arab Mining Company (ARMICO) has invested US $37.3 million, acquiring five million shares, or 10% interest in Al-Masane Al-Kobra Mining Company (AMAK). This capital provides AMAK

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